Cutting edge technology is currently revolutionizing healthcare, which is greatly in need of disruption. One company that stands out as a major potential disruptor for the industry is the Canadian healthcare technology company Premier Health Group Inc. (CSE:PHGI) (OTCQB:PHGRF).
Six Key Investment Theses for Premier Health Group Inc. (CSE:PHGI) (OTCQB:PHGRF)
- Premier Health Group Inc. (CSE:PHGI) (OTCQB:PHGRF) is a healthcare telehealth company that is strategically poised to take advantage of the $264 billion Canadian health care market.
- Premier Health’s Livecare Acquisition could act as a major catalyst for the company’s growth this year.
- Premier Health is trading at a discount, as its price-to-sales ratio is much lower than its peers.
- Collaboration with IBM is a major boost for Premier Health Group.
- Premier Health Group Inc. (CSE:PHGI) (OTCQB:PHGRF) has an experienced management team, which can boost its operations efficiently and tactfully.
- The company has fully integrated medical clinics with 40 healthcare professionals serving over 209,000 patients and is already generating millions of dollars in revenue.
Premier Health Group Inc.’s (CSE:PHGI) (OTCQB:PHGRF) stock has been gaining solid momentum over the past month, with a jump of over 65%. Now, it is comfortably trading above all the key moving averages, meaning the stock is in the momentum rally phase. It’s possible there could be no major hurdles before the $0.60-0.70 range in the coming sessions.
The company is focused on helping patients access better medical services through video conferencing using mobile, tablet and desktop devices and through its Livecare telehealth acquisition on January 13th, it will be focused on building their proprietary technology to expand their telemedicine business in Canada. Premier Health Group has established a subsidiary named Cloud Practice, which is involved in the electronic medical records space and is going to turn its product into a cloud-based SaaS (software as a service).
Additionally, Premier Health Group Inc. (CSE:PHGI) (OTCQB:PHGRF) is trying to ensure better delivery of healthcare services with clinics that are connected through artificial intelligence and telemedicine. In this way, the company and its platform seeks to disrupt the medical industry by empowering the patients in need of care.
Potential investors need to keep in mind that virtual care is estimated to be worth $10 trillion globally and in 2019, Canada was expected to reach $264 billion, or $7068 per person on health spending.
Premier Health Group Inc. (CSE:PHGI) (OTCQB:PHGRF) is working diligently towards cornering a portion of that market. Primary care has become a contentious issue in Canada over the years, and according to a recent study 39% of Canadians claimed that they would not have needed to go into ER if they had better access to primary care.
That’s where Premier Health comes into the picture, and why it has the potential to disrupt the Canadian healthcare industry.
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Livecare Acquisition
Strategically important acquisitions can propel a company to greatness, and for Premier Health, the acquisition of Livecare provides PHGI with the potential for big success.
“We are excited about the opportunity to leverage Livecare’s existing partnerships and technology,” said Dr. Essam Hamza, chief executive officer of Premier Health. “Livecare has been a pioneer in telemedicine and their knowledge and relationships will be invaluable to our plans moving forward. A key aspect of integration includes their workflow for video consults, specializing in real-time assessments with devices like Bluetooth-enabled stethoscopes and otoscopes for physical examination of patients remotely. Having tested the devices in my own practice, I was impressed with the quality of care I was able to provide from a distance, whether it was listening to a heartbeat or performing an ear exam.”
The Stock is Trading at a Discount Compared to Its Peers
When considering a play, investors need to check the sales-to-price ratio and compare it to that company’s peers. The peer that is the most closely related to Premier Health Group Inc. (CSE:PHGI) (OTCQB:PHGRF) is WELL Health Technologies Corp. (T:WELL) (OTC:WLYYF), which provides a similar telemedical service to clinics in Canada.
WELL generated revenues of C$8.19 million in the latest quarter and is currently valued at C$213 million. At this point in time a year ago, WELL Health was trading at C$0.39 with a market cap of C$45 million. Currently, Premier Health is trading at C$0.47 with a market cap of C$38 million.
Accordingly, Premier Health has a price-to-sales ratio of 17.60, significantly lower than WELL Health’s 26.
IBM Collaboration
While acquisitions are an important part of the growth process, a company also needs to strike up partnerships with big-ticket companies in order to grow quickly.
Premier Health is currently collaborating with information technology behemoth IBM for one of its products. Last October, Premier Health Group Inc. (CSE:PHGI) (OTCQB:PHGRF) announced that it is working with IBM Canada to integrate Watson AI into its patient centric telemedicine app. Premier Health’s new initiative is curated for medical clinic owners and operators to reduce the burdensome overhead associated with day to day logistical operations while also improving patient care.
Experienced Management Team
The success of a company depends almost entirely on the talent and execution by its management team. The Chief Executive Officer of the company, Dr. Essam Hamza is a highly experienced operator and had founded the firm HealthVue back in 2005.
The other executives at the company are all equally experienced and there is no doubt that Premier Health is in the right hands. Last week, the company hired Richard Atkins as the Senior Vice President of Sales. Atkins has nearly three decades of experience in sales and business development.
6 Key Reasons Why Premier Health Group Inc.’s (CSE:PHGI) (OTCQB:PHGRF) Could Be One of the Leaders in Telemedicine in Canada
Premier Health seeks to revolutionize the healthcare industry for both patients and medical professionals.
- There is an extreme need in healthcare for what Premier Health is offering.
- The company has revenue-generating businesses already. FY2019 is expected to generate C$11.592 million in revenue.
- Premier has multiple income streams, which can make their revenue and profitability more robust than their competition.
- Have close to 3 million registered patients.
- Because they own clinics and pharmacies, they have their finger on the pulse of the needs of patients, doctors, and pharmacies. This will give them insight and understanding of the market that their competition lacks.
They have a management team with deep, first-hand knowledge of the market and how their technology can benefit the market.
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